Member Info for kentan

Same Sheikh.... picture, name etc., refers to HH Sheikh Ahmed bin Dalmook (al Juma) al Maktoum ... "al Juma" is the family name on the father's side and not usually included for the mother, in this case "al Damook".
References were meant to be historical, so reference dates accordingly.

https://www.lumendatabase.org/notices/12455677#
https://www.webactivism.com/ameri-group-llc-sheikh-ahmed-bin-dalmook-al-maktoum-investigation-for-fraud-impersonation-and-perjury-fake-copyright-takedown-scam/
It seems there are a few skeletons in the cupboard of our esteemed Sheikh (allegedly).
With the Ameri Group website down, it is not possible to verify or deny these claims.
Deja vu?

RNS on 11th June 2019 ...
ADM Energy plc, an oil and gas investing company quoted on AIM, is pleased to announce that His Highness Shaikh Ahmed Bin Dalmook Al Maktoum, has been appointed President of ADM Energy in a non-Board role. Specifically, it is intended by this role that His Highness will help leverage his network and bring new opportunities and contacts to the Company. The Company expects the appointment to be formalised in due course......
Shaikh Ahmed Bin Dalmook Al Maktoum, President of ADM Energy, said: "I am delighted to become President of ADM Energy. Since investing in the Company, my conviction has only strengthened regarding the potential value of the opportunity.......
"The Company's strategy is to grow and to create a larger, balanced portfolio of projects in line with its investing strategy. We will aim to leverage our extensive contacts to identify investment opportunities in undervalued production and near-production assets, primarily in Africa. I am confident we can add significant value to ADM Energy for the benefit of all stakeholders."....

Until 23rd August 2019 ....
ADM Energy plc, an oil and gas investing company quoted on AIM, announces that it has been notified that His Highness Sheikh Ahmed Bin Dalmook Al Maktoum has resigned from his non-Board role as President of ADM Energy with immediate effect.
As part of the process of stepping down from the position, the Company has today been informed that His Highness has, or shortly will have, disposed of all of his shareholding in the Company, comprising 13,350,000 ordinary shares, through the market.
Quite a turnaround ... reasons for this must be disclosed to shareholders.
Whoever took the shares from him at 10p (giving him a 150% increase on his initial 4p investment) must now hold or have sold higher (before the news was announced, ie. insider trading) to show a return.
Funny how everthing Stefan gets involved with goes tits up, be it Mexico and Pemex, rogue Nigerian buyers of MXO and now this .... hope his Naturi Vita Ltd venture is more successful.

I have just seen the revised significant shareholder board has been updated to 21st August 2019 ... with the shareholding of Sheikh Ahmed removed .... that is a day before the big sell-off was recorded at 8:06 22/08/19 for 12.9m. ... So exactly when did ADME directors know what was happening?
The aftermath of this sell-off (before the shares are sold or redistributed) is that Andrew Frangos is now the major shareholder in the company through his increased holding for Lesoza Enterprises & Winrose International (5.84%+4.48%) giving him a total stake of 10.32% (there may be more owned by him and his wife in nominee holdings). There are no reliable figures for the consortium of Chinese investors led by Zhang Hao with 6.24% to show their total involvement.
I don't know if they were pictured before, but we now have mug-shots of the directors ... possibly to download, print and throw darts at.... including Stefan!
Also, I pointed out when the RNS for the Primary Bid offer at 16p was announced at 4:30pm on Friday 9th August and closed 2 days later on Sunday 11th August at 5pm that it was not aimed at the professional investor as their offices would be closed for the weekend and seemed fishy ... hindsight proved me right.
With regard to Sheikh Ahmed, his whirlwind tour of African countries in the past year, signing them up with MOU's must now be seen to be somewhat fanciful ... electric power plants for Ghana for one ... is he to renege on these promises too? How can they trust him after this? ... it amounts to bringing the UAE & Maktoum Family, with their overseas investments, into question.

Several members of the Norwegian forum (Hegnar.no) have posted that they have exchanged emails with John Hamilton (CEO Panoro Energy) and he has intimated that there has been lots of work done internally in the partnerships within AJE following the appointment of Osamede Okhomina as CEO of ADME. This is no surprise when it is known that during Osamede Okhomina's tenure as a director, Energy Equity Resources (Norway) Limited entered into compulsory liquidation on 6 February 2019 whilst it was in the process of being restructured by way of a Company Voluntary Arrangement ("CVA"). It is expected that the CVA, which did not proceed, would have resulted in a shortfall to creditors, as will the compulsory liquidation, which has not yet concluded.
It is logical to assume, with his former position, that our new CEO of ADME is negotiating to secure the assets of EER(Norway) Ltd from the liquidators and strengthen its % in the Aje partnership.
As of the RNS announcing his appointment as CEO on the 15th July, Mr Osamede Okhomina does not hold any shares or options in the company ... perhaps that has now changed with internal manoeuvrings involving the transfer of shares that account for the large trades. (IMHO).

Sounds familiar ? ....
https://www.ft.com/content/7a937776-dc0d-11e6-9d7c-be108f1c1dce
Goes with the saying ... "A leopard never changes its spots".

https://smallcaps.com.au/mrg-metals-potential-discovery-corridor-central-heavy-mineral-sands-project/
Encouraging news from adjoining permit enhances the prospects for SAV/RIO Tinto joint projects.
Some heady projections from analysts for the share price, but keeping a watching brief until things start to move with Moz Government.

It was on Friday 16th August ... the same amount of shares for each, just reduced %'s of holdings to account for larger amount of shares in circulation.

Portugal’s foreign minister, Augusto Santos Silva, on Wednesday welcomed the announcement that Mozambique’s government and main opposition are poised to sign a peace deal, calling it “a huge step” towards stability.
“This agreement will mean a huge step towards the peace and stability of Mozambique and a very important factor for economic and social development, for the welfare and security of Mozambican populations,” Santos Silva told Lusa.
He said that the signing of the agreement “constitutes a very decisive milestone” in the life of Mozambique and the whole region.
Portugal welcomed the news, so should be good news to Savannah Resources, with them having a foothold in both countries.
The rebel leaders in Mozambique have signed a peace agreement that will protect interests in the country. The main threat to mining production is now the dreadful weather the country has endured for the past 2 years with mammoth cyclones decimating large areas and affecting the ports.
Kenmare Resources (KMR) are up over 40% in 2 months on the rising prices and demand for titanium dioxide (Zircon), rutile & ilmenite even though their production was lower, affected in Q1 from the weather disruption. They have almost cleared their debt and moved into profit with the hope of dividend payments. This bodes well for SAV and should bolster the JV agreement with RTZ to enter into full production on approvals from the Moz Govt... sooner rather than later hopefully... The Chinese have reduced greatly their Titanium and Ilmenite production following crackdowns on Health & Safety and Environmental concerns ... but the world still wants more and more Brilliant White Paint and needs the feedstock.
Would be nice to hear good news from Moz after a dearth and follow on from Oman grant of mining licences ... could it be "The Three Card Trick" with all the Aces on the table (Moz, Oman & Portugal).... roll on the RNS's !!!

To say that I could have traded out at 17p is a fallacy ... the bid was around 15p with a large spread for a matter of minutes before it crashed to around 13p ... I had limit sells at 18p & 19p in place on the general assumption (by many on here) that this would reach 20p and even 30p in some cases ... some lunatics (rampers) forecast £1 by the end of the year.
When I first bought-in in April 2014 (after a presentation in London when I spoke to DA at length) the sole prospect was Moz... price was around 12p to 13p with expectations of a JV with RTZ that should take us up to 20p ... when that finally happened the price was sub 10p and drifted lower. I topped up in the sub 6p, 5p, 4p, 3p with varying news of Oman and then Portugal on the expectations and promises made ... plenty of RNS's giving encouragement (jam), but long fallow periods when news was bad or not forthcoming (Oman & Moz) ... that is why these upbeat RNS's are taken with a pinch of salt by me these days, they are soon discounted by the SP.
Glad there is extra meat on the bone, but when can we eat it?

Have spent 5 years listening to all these promises ... many jars of jam ... but still nothing out of the ground ... think I am entitled to get a dig in.

More jam ... but David we desperately need the toast ... !!!

The revenue from the last lift in June should be in the bank account by now, with a further lift in September, October or November possible now they have ramped up production slightly. ... just hope the oil price holds up above $60pb with our premium on top.
Panoro Energy (PEN:OSL) drifting lower by the day, not to the liking of their Norwegian shareholders ... they seem to discount AJE from future income streams and it is now just a boil on their bum, that itches occassionally.

So far today the trades have only been for "Micky Mouse" amounts ... wait until close of business (and after, even tomorrow) when the really large buys/sells are posted ... it could be informative.

Jim Price came to the same conclusion as me when The Sheikh was announced as the saviour of MXO, Dr JH moves in the same circles as the Maktoums with his horseracing interests and may have approached them previously to back his ventures with his Global Group in the past (as "Angels" for his West End Theatre productions for one).
Richard Carter is on the BOD of ADME to represent Dr JH, he works for "The Dr" in his worldwide Global enterprises.
Over the years I collected a large portfolio of information from reliable sources with those involved with ADME, be they Arab, Chinese, English, Mexican, Nigerian and more.
Recently there have been moves by AF & SO to get on the gravy train for CBD Oil (Cannabis derivatives) which they intend to float in the near future (Naturi Vita Ltd) ... keep an eye on Companies House for news (although it generally lags the news releases) ... not forgetting Superdielectrics Ltd where the same applies. Stefan incorporated a new company in October last year SKO Holdings (London) Ltd ... why?
Join the dots .....

Yes Dan, we have been on their case for several years ... plenty of skeletons in the cupboard (BHS & Sir Philip Green springs to mind with AF).
It was Dr Johnny Hon who brokered the deal with The Sheikh to introduce him to MXO, through his extensive contacts with the rich and wealthy of the world (he has racehorses in the same stable as Sheikh Juma, Sheikh Ahmed's brother and other members of the ruling Maktoum family where Sheikh Mohammed is king-pin and cousin). This was mainly to placate the Chinese who Hon had introduced and brokered shares and investment for, they were seriously underwater with their investment in MXO and this came as a lifesaver (probably Dr Johnny too) ....
Remember the Chinese were the proposed savers of this company 3 years ago and were badly burnt by the antics of the BOD with SO as CEO ... what is to say the same won't happen again? Hopefully, the measures put in place at the last AGM will save us from a repeat fate.

Andrew Frangos and his wife are 2nd on the list of major shareholders to the Sheikh in ADME with 11.44% through Lesoza Enterprise Ltd 6.66%) & Winrose International Ltd (offshore Virgin Islands registered) 4.78% at the last published audit (may have changed now with this offer ... AF also controls Pello Capital (formerly Cornhill Capital where SO was involved) who arranged this cash call through Primary Bid Ltd ... which appeared very incestuous to me, he has considerable clout with his representative and pal Stefan Olivier on the BOD on how this share is funded and moves ... they always line their pockets first as was demonstrated by SO's ludicrous salary in the past.
I hope they don't kill the goose with their greed before she lays her golden egg ...
There is a 3 way split with The Sheikh, The Chinese (Dr Johnny Hon's mob and the prime mover bringing The Sheikh on board) & Frangos/Olivier ... while he can hold sway with allegiance from Dr JH and his Chinese cohorts, The Sheikh has overall significant control, but needs to be mindful of the dealings of the "Dangerous Brothers".
Still awaiting a notice that The Sheikh will nominate a non-executive director of his own to monitor proceedings (Hisham Al Gurg is favourite in my book).

https://www.shutterstock.com/image-photo/broken-piggybank-dollar-notes-96676234
Not one to miss an opportunity is our Stefan ...
Expecting Frangos & Co. to be somewhere behind this Primary Bid offer ... amounts to crowdfunding in my view, not what you would expect from a potential mid-tier $Billion company ... likely to frighten off the institutions with hundreds of the unwashed public getting involved.

Something not quite right about this RNS being announced at 4:30pm on Friday as the markets closed for the weekend
Usually, bad news announcements are made at this time to avoid the market and SP collapsing in the wake of controversial announcements.
Also, the Oman and Arab markets are closed on Saturday for religious observance and the timescale of this offer expiring on Sunday 11th August at 4:00 pm, when all markets are closed, doesn't smell right to me. ... Me and others like me, cannot trade out of other holdings to invest in here and take advantage of the discounted offer, our brokers do not return until Monday morning. Also, our banks are closed to facilitate overdraft approvals, if needed, or transfer between savings accounts that need notice.... ready cash in the amount I would invest is not held in accounts with debit card facilities and then only to a maximum of £20k per day.
It is very nice to be able to partake in such an offer, but the way this has been instigated just doesn't seem right.
Others views appreciated.

I would like to think that "The Four Just Men" of PAM saw my last post on here (Mining Forum Dhofar/Salalah) has spurred them into action, they would not want negative comments to spoil their agenda for expanding the Oman mining sector.
As to the question of costs ..... What did Alara pay?
Surely we should pay on par to them ... unless the Omani's get greedy and spoil the party for the sake of a few dollars more.
If they want to encourage investment in the region and get it re-established as a commercially viable mineral mining area, the licences should be pitched accordingly with royalty payments for the extracted metals.
The added bonus of rare earth bi-metals and the cheaper costs of extraction are what makes the prospect encouraging for Oman & SAV, it would be a shame to kill it now.
Next stop .... Moz ... a squib up their complacent backsides might see some action.